Renters Under Pressure as Housing Costs Accelerate

March 18, 2015

According to the NAR, the gap between rental costs and household income is widening “to unsustainable levels in many parts of the country.”

The association says that a way to relieve housing costs is to increase the supply of new-home construction, especially developments that cater to entry-level buyers.

NAR’s Chief Economist Lawrence Yun estimates housing starts need to rise to 1.5 million, the historical average.

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